David Baazov, the CEO of Amaya is on indefinite leave, after insider trading charges labeled against him. Amaya is the world’s leading online gaming company, which operates top online gaming brands like PokerStars and Full Tilt. The Quebec, Canada based company is a leading player of online gambling market and operates thousands of live tournaments each year, either at their websites or at live casinos.
After taking this particular step to go on a long leave Baazov, made a statement that “I believe that stepping down in short term will really help” and it is in the favor of the company and its management. He also mentioned about the allegations, which are made upon him by the financial regulator and said “I vigorously contest all allegations made against me”.
Earlier than this Quebe’c financial security regulator that is Autorité des marchés financiers executed search warrants and cease trade orders to stop the activities of 13 individuals to whom they were thinking of doing wrong and making illegal insider trading. The list of 13 individual includes Baazov’ Brother Mr. Josh Baazov, Craig Levett ( the player), Nathalie Bensmihan, Isam Mansour, Mona Kassfy Earl Levett, Feras Antoon and Eleni Psicharis.
This seems to be one of the largest insider trading investigation in Canadian history, for Amaya’s $3.8 billion-takeover of two worlds most popular poker sites i.e. PokerStars and Full Tilt, which has 100 Million registered users.
PokerStars is among the best poker portals which operates lots and lots of online tournaments at their site. Some of the best and most popular events of PokerStars are Sunday Million, COOP,SCOOP, Super Tuesday, Sunday warm Up and Millionaire maker, which attracts hundreds and thousands of online poker lovers from in and around the world including the United Kingdom, Canada, Europe and Asia. Real poker online provides you latest and real time poker news, reviews and deals.